MDEV

First Trust Indxx Medical Devices ETF

MDEV tracks an equal-weighted index that gives global exposure to the medical equipment industry.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

RYH

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJun 22, 2021
Assets (mns)$2
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
EXACT SCIENCES CORP 2.6 %
ABIOMED INC 2.6 %
INTUITIVE SURGICAL INC 2.5 %
FISHER & PAYKEL HEALTHCARE C 2.5 %
INSULET CORP 2.4 %
METTLER-TOLEDO INTERNATIONAL 2.2 %
COOPER COS INC/THE 2.2 %
BIOMERIEUX SA 2.2 %
WATERS CORP 2.2 %
SIEMENS HEALTHINEERS AG 2.2 %
Constituent Breakdown
Number of holdings51
Herfindahl-Hirschman Index 202
Wgt avg mkt cap (mns)$47,495
Large cap (>$10bn)91.5%
Mid cap ($2-10bn)8.5%
Small cap (<$2bn)0.0%
Developed mkts.98.4%
Emerging mkts.1.6%
Country Exposure
UNITED STATES 56.6 %
JAPAN 6.9 %
SWITZERLAND 6.2 %
GERMANY 4.2 %
FRANCE 4.1 %
DENMARK 3.9 %
BRITAIN 3.9 %
IRELAND 3.6 %
NEW ZEALAND 2.5 %
ITALY 2.1 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-28.1% -25.1% -- -- -- -- -19.0%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.36%
ADV of underlying (mns)$8,662
Technical Indicators
Recent close$19.28
30d moving avg.$17.82
Annualized volatility0.0%
Relative strength (RSI)71
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: MDEV vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
4.3 25.6 3.5 0.8% --
Based on closing prices from 12/2/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MDEV



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

MDEV

3.6%

Cat. Avg

4.0%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.6%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 340 funds in the Global Equities category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.5%. MDEV's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places MDEV in the 46th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
MDEV
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MDEV 70.0 36.2 106.2
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.